asked 139k views
1 vote
You would to have $800 saved after 2 years. If you put your money into an account that compounds annually and earns 1.8% annual interest, how much should you put into the account?

asked
User Jeneane
by
8.0k points

2 Answers

4 votes

Answer:829

Step-by-step explanation: You would have 829$ because, Of the Number of years for this investment. Hope this helped. If not im sorry!

answered
User Sean
by
8.0k points
1 vote

Answer:

$772

Explanation:

Set it up as

772(1+0.018)^2

Comes out to $800.04

If you need further explanation tell me in comments

answered
User Swapnil Luktuke
by
7.7k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.